SOURCE: OpenClose


October 04, 2011 08:17 ET

OpenClose to Turn Columbus Day Into "Discover iPad Loan Origination Software Day"

Opening a New World for Apple-Hungry Mortgage Lenders

WEST PALM BEACH, FL--(Marketwire - Oct 4, 2011) - Apple's iPad® has taken the world by storm, but the banking and lending industries have been held back from broad adoption -- until now. Bankers and lenders using mortgage software are no longer constrained to yesterday's PC-centric technology and can now originate loans using OpenClose's Web-based loan origination software. In honor of the Discoverer of the New World, OpenClose is telling lenders this Columbus Day that they can "discover a new world in lending," originating loans using their Safari Web browsers on their iPads® and Macs®.

"While other LOS vendors continue to look in the rear view mirror, OpenClose is blazing a trail of making lending easier, more portable, and faster. We pioneered the Web-based mortgage LOS, social media software for banks and credit unions, and now to loan originations on tablets on the iPad, and on Macs," said Jason Regalbuto, CEO, OpenClose. "Apple is making the finest computing hardware and software in the world today -- why should bankers and lenders be precluded from using them? Originators today need to be able to do business in real time, anytime and everywhere, all the while connecting with their borrowers and associates in a social way. OpenClose on an iPad makes that happen like no other solution can."

The announcement will coincide with the first business day of the Mortgage Banking Association (MBA) 98th Annual Convention & Expo in Chicago. All business professionals can benefit from the convenience of an iPad, but according to OpenClose, loan originators top that list due to the very immediate nature of their business. Now, a loan originator using OpenClose's Lender Assist can take their 3G connected iPad for example, check rates through, originate the loan, pull credit, lock the loan, and get live responses.

About OpenClose
OpenClose® is a pioneer of Software as a Service (SaaS) computing solutions for the financial industry since 1999. It provides a variety of Web-based services for credit unions, banks, and mortgage lenders from loan origination software, loan pricing, website design and social media marketing. In 2010, the company released OpenClose Social: the first online social media management solution for credit unions, banks, and mortgage lenders. For more information about OpenClose, visit OpenClose at You can also fan OpenClose at or follow OpenClose via Twitter at @OpenCloseSocial.

Contact Information

    Frank Bocchino
    (561) 804-4576